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Response to Nixie (Reply #37)

Sun Jan 30, 2022, 01:56 PM

50. In the politics of the United States, dark money refers to political spending by nonprofit

organizations—for example, 501(c)(4) (social welfare) 501(c)(5) (unions) and 501(c)(6) (trade association) groups—that are not required to disclose their donors.

https://en.wikipedia.org/wiki/Dark_money



Jewish Democratic Council of America

https://en.wikipedia.org/wiki/Jewish_Democratic_Council_of_America

Formation November 2017; 4 years ago
Tax ID no. 821919054
Legal status 501(c)(4) non-profit organization




New IRS Rule Allows Many Nonprofits to Withhold Donor Information From the IRS

https://www.nossaman.com/newsroom-insights-new-irs-rule-allows-many-nonprofits-to-withhold-donor-iInformation-from-the-IRS

On May 26, 2020, the U.S. Treasury released Final Regulations on donor disclosure requirements that shield many nonprofits – except 501(c)(3) charities and 527 political organizations – from the requirement to disclose the names of significant donors on Schedule B (Schedule of Contributors) to their annual Form 990 returns. The Final Regulations were expected: The IRS had tried to implement these rules 2 years ago without regulations in Revenue Procedure 2018-38, but the federal district court in Montana vacated that guidance in Bullock v. IRS for failure to follow Administrative Procedure Act rulemaking requirements (as our earlier e-alert noted).

As of May 28, 2020, eligible nonprofits, including 501(c)(4) advocacy and social welfare organizations, 501(c)(5) labor and agricultural organizations, and 501(c)(6) trade organizations, need not disclose the names of donors to the IRS when they file annual Form 990 returns. For many nonprofits whose Form 990 deadline (original, or with extension) fell after March 31 but before July 15, 2020, the IRS extended that deadline to July 15, 2020 in response to COVID-19 (as we noted here), and those nonprofits can now rely on the Final Regulations in filing these delayed returns. As a practical matter, the Final Regulations do not change how affected nonprofits approach Schedule B from last year’s filings because Revenue Procedure 2018-38 stated that the IRS would not enforce the Schedule B donor disclosure rule against nonprofits who did not identify donors in reliance on the IRS guidance.

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LineLineLineLineLineLineLineLineReply In the politics of the United States, dark money refers to political spending by nonprofit
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